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2021-03-31-accounts

Charity Registration No. 273580

SHEPHERDS BUSH MOSQUE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

SHEPHERDS BUSH MOSQUE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Mohammed Siddique
Mr Fazal Beg
Mr Muhammad Lal Khan
Dr Ahmed Badat
Mr Mohammad Khalid Khan
Mr Riaz Ahmed Khan
Mr Shafqat Rehman
Mr Omar Mohsin
Charity number 273580
Principal address 302 Uxbridge Road
London
W12 7LJ
Independent examiner Reddy Siddiqui LLP
183-189 The Vale
Acton
London
W3 7RW

SHEPHERDS BUSH MOSQUE

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 12

SHEPHERDS BUSH MOSQUE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ).

Objectives and activities

The principal activity of the charity during the year continued to be that of

(I) The advancement of the muslim religion.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

Financial review

During the year the charity continued to receive donations which will be used to fund its activities.

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Mohammed Siddique

Mr Fazal Beg Mr Muhammad Lal Khan

Dr Ahmed Badat Mr Mohammad Khalid Khan Mr Riaz Ahmed Khan Mr Shafqat Rehman Mr Omar Mohsin

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

SHEPHERDS BUSH MOSQUE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Supplier payment policy

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

Trade creditors of the company at the year end were equivalent to XX day's purchases, based on the average daily amount invoiced by suppliers during the year.

The Trustees' r eport was approved by the Board of Trustees.

Dr Ahmed Badat Trustee

Mr Shafqat Rehman Trustee

Mr Omar Mohsin Trustee

3 December 2021

SHEPHERDS BUSH MOSQUE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEPHERDS BUSH MOSQUE

I report to the Trustees on my examination of the financial statements of Shepherds Bush Mosque (the Charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Reddy Siddiqui LLP

183-189 The Vale Acton London W3 7RW

Dated: 3 December 2021

SHEPHERDS BUSH MOSQUE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income and endowments from:
Donations and legacies
3
50,447
618
Investments
4
7,000
-
Other income
5
-
-
Total income
57,447
618
Expenditure on:
Charitable activities
6
174,054
300
Net (expenditure)/income
for the year/
Net movement in funds
(116,607)
318
Fund balances at 1 April 2020
1,178,256
79,417
Fund balances at 31 March
2021
1,061,649
79,735		 Total Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
51,065
117,109
39,047
7,000
7,000
-
-
553
-
58,065
124,662
39,047
174,354
135,797
13,800
(116,289)
(11,135)
25,247
1,257,673
1,189,391
54,170
1,141,384
1,178,256
79,417		 Total
2020
£
156,156
7,000
553
163,709
149,597
14,112
1,243,561
1,257,673
Donations and legacies
3
Investments
4
Other income
5
Total income
Expenditure on:
Charitable activities
6
Net (expenditure)/income
for the year/
Net movement in funds
Fund balances at 1 April 2020
Fund balances at 31 March
2021

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

SHEPHERDS BUSH MOSQUE

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
Unrestricted funds		 2021
£
£
922,343
-
224,977
224,977
(5,936)
219,041
1,141,384
79,735
1,061,649
1,141,384		 2020
£
£
928,908
1,750
331,731
333,481
(4,716)
328,765
1,257,673
79,417
1,178,256
1,257,673

The financial statements were approved by the Trustees on 3 December 2021

Dr Ahmed Badat Trustee

Mr Shafqat Rehman Trustee

Mr Omar Mohsin Trustee

SHEPHERDS BUSH MOSQUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Shepherds Bush Mosque is a unincorporated association.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

SHEPHERDS BUSH MOSQUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Over 100 Years Lease Over 99 years Fixtures, fittings & equipment 25% reducing basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SHEPHERDS BUSH MOSQUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity 's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

SHEPHERDS BUSH MOSQUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donations and gifts
6,142
618
Other Income
44,305
-
50,447
618
Investments
Rental income
Other income
Other income		 TotalUnrestricted
Restricted
Total
funds
funds
2021
2020
2020
2020
£
£
£
£
6,760
117,109
39,047
156,156
44,305
-
-
-
51,065
117,109
39,047
156,156
UnrestrictedUnrestricted
funds
funds
2021
2020
£
£
7,000
7,000
TotalUnrestricted
funds
2021
2020
£
£
-
553

4 Investments

5 Other income

SHEPHERDS BUSH MOSQUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

6 Charitable activities

Staff costs
Depreciation and impairment
Charitable expenditure heading 1
Share of support costs (see note 7)
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds
Support costs
Support
costs
Governance
costs
£
£
Staff costs
55,603
-
Support costs heading 1
108,843
-
Audit fees
-
1,738
164,446
1,738
Analysed between
Charitable activities
164,446
1,738		 2021
£
55,603
108,843
1,738
166,184
166,184		 Charity
expenses
Charity
expenses
2021
2020
£
£
1,303
3,094
6,566
6,599
301
13,798
8,170
23,491
164,446
124,356
1,738
1,750
174,354
149,597
174,054
135,797
300
13,800
174,354
149,597
Support
costs
Governance
costs
2020
£
£
£
55,038
-
55,038
69,318
-
69,318
-
1,750
1,750
124,356
1,750
126,106
124,356
1,750
126,106

7 Support costs

Governance costs includes payments to the accountant of £ 900+vat (2019: £ 1,250+vat ) for accountancy fees.

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

SHEPHERDS BUSH MOSQUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

9 Employees

The average monthly number of employees during the year was:

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2021
Number
3
2021
£
55,574
29
1,303
56,906		 2020
Number
3
2020
£
53,877
1,161
3,094
58,132

There were no employees whose annual remuneration was more than £60,000.

10 Tangible fixed assets

Cost
At 1 April 2020
At 31 March 2021
Depreciation and impairment
At 1 April 2020
Depreciation charged in the year
Exchange adjustments
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020
11
Debtors
Amounts falling due within one year:
Trade debtors		 Land and
buildings
£
929,004
929,004
64,595
-
5,574
70,169
858,835
864,409		 Lease
£
85,425
85,425
21,572
863
-
22,435
62,990
63,853		 Fixtures,
fittings &
equipment
£
21,084
21,084
20,437
129
-
20,566
518
646
2021
£
-		 Total
£
1,035,513
1,035,513
106,604
992
5,574
113,170
922,343
928,908
2020
£
1,750

SHEPHERDS BUSH MOSQUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

12 Creditors: amounts falling due within one year

Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
13
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2021
2021
£
£
Fund balances at 31
March 2021 are
represented by:
Tangible assets
922,343
-
Current assets/
(liabilities)
219,041
-
1,141,384
-		 TotalUnrestricted
funds
2021
2020
£
£
922,343
928,908
219,041
256,851
1,141,384
1,185,759		 2021
£
642
171
4,043
1,080
5,936
Restricted
funds
2020
£
-
71,914
71,914		 2020
£
638
-
2,578
1,500
4,716
Total
2020
£
928,908
328,765
1,257,673

14 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .